# China significantly steps up US grain purchases | Agriculture Dive

> China has sharply increased purchases of US wheat, with commitments since June surpassing 2 million tonnes, mainly soft red winter wheat. Recent sales on Dec. 4 and Dec. 6 were the largest single commitments since 2020, and China also bought US soybeans during the same week.

- Date: 2023-12-11 · published 2023-12-11T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14788-china-significantly-steps-up-us-grain-purchases-agriculture-dive
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large Chinese buying offsets lost US export demand and supports wheat and soybean prices, as China diversifies away from drought-hit Australian supply.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-10-24 | [China signs US agriculture purchase agreements in first ceremony in years](https://feedsoft.ai/events/14802-china-signs-us-agriculture-purchase-agreements-in-first-ceremony-in-years.md) | +1.8% | +0.8% |
| WHEAT | 2019-02-21 | [China to propose $30 billion more US agriculture purchases](https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases.md) | -3.2% | +0.7% |
| WHEAT | 2020-03-24 | [China makes largest U.S. grain purchases since start of trade war - UPI.com](https://feedsoft.ai/events/54008-china-makes-largest-u-s-grain-purchases-since-start-of-trade-war-upi-com.md) | +3.1% | +2.6% |
| WHEAT | 2023-12-11 | [China Purchases SRW](https://feedsoft.ai/events/32750-china-purchases-srw.md) | -2.8% | +1.5% |
| WHEAT | 2024-01-03 | [China Purchases SRW](https://feedsoft.ai/events/32186-china-purchases-srw.md) | -1.9% | -1.8% |
| SOY | 2023-10-24 | [China signs US agriculture purchase agreements in first ceremony in years](https://feedsoft.ai/events/14802-china-signs-us-agriculture-purchase-agreements-in-first-ceremony-in-years.md) | -0.3% | +6.3% |
| SOY | 2019-02-21 | [China to propose $30 billion more US agriculture purchases](https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases.md) | +0.1% | +0.4% |
| SOY | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +2.8% | +4.6% |

## Sources

- agriculturedive.com: https://www.agriculturedive.com/news/china-us-grain-exports-wheat-russia/702127/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.